Secure Energy Services Inc
TSX:SES

Watchlist Manager
Secure Energy Services Inc Logo
Secure Energy Services Inc
TSX:SES
Watchlist
Price: 17.59 CAD 0.63% Market Closed
Market Cap: 3.8B CAD
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Cash Flow Statement

Operating Cash Flow
+
3Y
-11%
5Y
+93%
10Y
+98%
Investing Cash Flow
+
3Y
-330%
5Y
-252%
10Y
-26%
Financing Cash Flow
+
3Y
-
5Y
-
10Y
-76%

Cash Flow Statement
Secure Energy Services Inc

Rotate your device to view
Cash Flow Statement
Currency: CAD
Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Operating Cash Flow
Net Income
(3)
(2)
(1)
2
5
8
8
14
22
33
34
33
33
36
32
38
39
44
53
56
31
5
(19)
(87)
(160)
(167)
(171)
(126)
(49)
(35)
(28)
(20)
(34)
(32)
(25)
(18)
20
15
20
12
0
(24)
(43)
(47)
(87)
(66)
(59)
(76)
(204)
(165)
(96)
(14)
184
201
181
168
195
562
560
607
582
198
197
104
Depreciation & Amortization
11
12
13
14
14
15
17
20
25
30
35
39
42
46
52
59
67
75
84
92
100
106
106
107
126
125
125
124
113
113
115
124
119
120
121
118
116
120
127
127
132
140
139
140
144
134
133
183
173
199
189
158
178
176
202
200
203
194
188
183
173
173
178
182
Change in Deffered Taxes
(1)
0
1
2
3
0
3
4
5
0
7
8
6
7
5
4
4
4
5
6
3
3
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Stock-Based Compensation
0
1
1
1
2
2
2
3
3
4
5
5
5
6
0
7
8
9
13
13
15
19
21
20
20
19
19
22
25
26
26
25
23
23
23
23
23
25
24
22
19
14
12
10
10
11
13
13
13
15
16
17
19
23
14
10
26
17
27
32
34
30
30
36
Other Non-Cash Items
1
1
1
3
3
4
4
41
3
5
5
(33)
7
6
16
10
11
20
18
38
76
75
78
118
144
139
133
86
27
33
36
35
69
70
74
78
49
57
49
49
45
42
47
44
66
55
52
69
269
282
318
325
133
150
139
150
163
(215)
(224)
(286)
(303)
54
48
132
Cash Taxes Paid
0
0
0
0
0
0
0
0
3
5
8
10
8
12
10
10
11
15
16
16
16
17
14
14
12
5
4
(11)
(14)
(16)
(16)
(15)
(14)
(12)
(12)
(2)
(6)
(4)
(4)
(2)
2
0
(0)
(2)
(1)
(1)
(0)
1
1
0
0
0
0
0
0
0
0
4
7
10
13
35
13
39
Cash Interest Paid
0
0
0
0
0
0
0
1
1
2
3
4
3
4
4
4
6
7
7
8
10
12
11
11
10
8
8
8
8
8
10
9
11
13
13
17
16
18
20
20
21
21
20
19
19
18
17
25
61
63
96
96
92
95
90
88
87
95
67
71
41
41
47
52
Change in Working Capital
1
2
(1)
(5)
(7)
(11)
5
(54)
(48)
(48)
(51)
(8)
12
(32)
(4)
18
(21)
(24)
23
(38)
(14)
(15)
(20)
17
21
89
24
37
6
(9)
(8)
(38)
(45)
(60)
(36)
(28)
2
19
(6)
19
19
27
10
19
26
5
1
(87)
(164)
(167)
(214)
(130)
(84)
(119)
(51)
(20)
(131)
(200)
(124)
(125)
45
165
(66)
(117)
Cash from Operating Activities
9
N/A
13
+48%
13
-1%
16
+25%
19
+20%
19
-1%
37
+96%
26
-30%
8
-70%
26
+236%
30
+15%
39
+30%
99
+155%
62
-38%
101
+63%
128
+27%
100
-22%
119
+19%
183
+54%
153
-16%
195
+27%
173
-11%
145
-17%
152
+5%
131
-14%
186
+42%
111
-41%
121
+9%
97
-20%
101
+4%
116
+14%
101
-12%
109
+8%
99
-9%
133
+35%
150
+13%
187
+24%
211
+13%
190
-10%
207
+8%
197
-5%
185
-6%
153
-17%
156
+2%
149
-5%
127
-14%
126
-1%
88
-30%
74
-16%
149
+102%
197
+32%
339
+72%
411
+21%
408
-1%
471
+15%
498
+6%
430
-14%
341
-21%
400
+17%
379
-5%
497
+31%
590
+19%
357
-39%
301
-16%
Investing Cash Flow
Capital Expenditures
(23)
(20)
(22)
(35)
(52)
(64)
(74)
(88)
(98)
(113)
(120)
(133)
(171)
(181)
(191)
(202)
(198)
(206)
(238)
(272)
(303)
(298)
(244)
(180)
(114)
(90)
(88)
(77)
(63)
(53)
(60)
(101)
(137)
(182)
(199)
(188)
(177)
(143)
(143)
(130)
(121)
(140)
(114)
(94)
(71)
(36)
(33)
(35)
(43)
(50)
(62)
(79)
(96)
(129)
(178)
(204)
(203)
(176)
(151)
(124)
(134)
(155)
(150)
(199)
Other Items
(10)
(3)
(8)
(6)
(2)
(3)
(80)
(98)
(101)
(98)
(33)
(5)
(21)
(15)
(2)
(47)
(36)
(61)
(80)
(101)
(128)
(86)
(124)
(69)
(41)
(73)
(73)
(98)
(96)
(92)
(57)
(24)
(13)
(24)
(3)
(11)
(33)
(19)
(29)
(23)
(14)
1
11
5
11
0
(201)
21
0
18
222
6
38
38
67
50
48
1 149
1 070
1 085
1 088
(185)
(142)
(115)
Cash from Investing Activities
(33)
N/A
(23)
+30%
(30)
-32%
(41)
-36%
(54)
-31%
(67)
-25%
(153)
-129%
(186)
-22%
(198)
-6%
(211)
-6%
(153)
+28%
(137)
+10%
(191)
-39%
(196)
-2%
(192)
+2%
(249)
-30%
(235)
+6%
(267)
-14%
(318)
-19%
(373)
-17%
(431)
-15%
(384)
+11%
(369)
+4%
(249)
+33%
(156)
+37%
(163)
-5%
(161)
+1%
(175)
-8%
(159)
+9%
(145)
+9%
(117)
+20%
(125)
-7%
(150)
-20%
(206)
-37%
(201)
+2%
(199)
+1%
(210)
-6%
(163)
+23%
(172)
-6%
(153)
+11%
(135)
+12%
(139)
-3%
(103)
+26%
(89)
+14%
(60)
+33%
(37)
+39%
(234)
-540%
(14)
+94%
(43)
-216%
(32)
+26%
160
N/A
(73)
N/A
(58)
+21%
(91)
-57%
(111)
-22%
(154)
-39%
(155)
-1%
973
N/A
919
-6%
961
+5%
954
-1%
(340)
N/A
(292)
+14%
(314)
-8%
Financing Cash Flow
Net Issuance of Common Stock
5
58
62
62
62
8
82
82
83
84
4
87
86
85
87
7
114
117
119
120
14
205
201
199
199
148
148
146
148
6
7
7
4
2
(9)
(21)
(41)
(42)
(56)
(48)
(35)
(35)
(13)
(9)
(2)
0
0
0
0
0
0
0
(6)
(75)
(122)
(155)
(163)
(220)
(607)
(626)
(657)
(610)
(338)
(313)
Net Issuance of Debt
5
(0)
(5)
(5)
(5)
0
(7)
51
96
0
118
15
4
49
9
121
37
51
33
124
238
28
51
(86)
(149)
(145)
(72)
(69)
(64)
60
37
52
82
148
101
119
106
49
90
42
19
26
7
(36)
(71)
(74)
107
(45)
4
(82)
(212)
(229)
(331)
(183)
(236)
(60)
34
(146)
(38)
(43)
(100)
229
406
441
Cash Paid for Dividends
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(3)
(7)
(11)
(15)
(18)
(20)
(22)
(25)
(25)
(25)
(25)
(23)
(24)
(24)
(23)
(24)
(28)
(33)
(37)
(42)
(43)
(44)
(44)
(44)
(44)
(43)
(43)
(43)
(36)
(26)
(17)
(8)
(5)
(7)
(7)
(8)
(9)
(9)
(38)
(66)
(93)
(119)
(117)
(115)
(110)
(105)
(104)
(99)
(97)
(95)
Other
(0)
(0)
(0)
(0)
0
0
0
0
1
0
0
0
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(2)
(1)
0
0
(1)
(1)
0
0
0
0
0
(1)
(2)
(2)
0
(1)
0
0
0
(1)
(1)
(1)
0
0
(0)
1
1
(4)
(16)
(23)
0
(127)
(12)
29
15
112
9
(26)
(589)
(584)
(585)
(574)
(13)
(10)
(12)
Cash from Financing Activities
9
N/A
58
+529%
57
-2%
56
0%
57
+1%
8
-85%
76
+811%
133
+76%
179
+35%
181
+1%
123
-32%
102
-17%
88
-13%
133
+51%
92
-31%
120
+30%
139
+16%
152
+9%
133
-13%
222
+67%
228
+3%
206
-10%
226
+10%
87
-61%
24
-73%
(21)
N/A
51
N/A
54
+6%
60
+13%
42
-30%
15
-64%
24
+54%
47
+100%
106
+123%
48
-54%
55
+14%
21
-62%
(37)
N/A
(10)
+72%
(51)
-400%
(60)
-18%
(53)
+11%
(43)
+20%
(71)
-67%
(89)
-26%
(81)
+9%
99
N/A
(69)
N/A
(26)
+62%
(113)
-335%
(348)
-208%
(250)
+28%
(346)
-38%
(309)
+11%
(339)
-10%
(325)
+4%
(272)
+16%
(1 070)
-293%
(1 339)
-25%
(1 359)
-1%
(1 435)
-6%
(493)
+66%
(39)
+92%
21
N/A
Change in Cash
Effect of Foreign Exchange Rates
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(0)
0
0
0
1
0
0
0
1
1
1
1
1
0
(0)
0
0
(0)
0
1
1
1
1
0
(0)
(1)
(0)
0
0
(1)
(2)
(1)
(2)
(2)
(2)
(6)
(6)
(5)
(5)
(5)
(4)
(3)
0
0
0
(2)
(1)
(2)
(3)
Net Change in Cash
(15)
N/A
48
N/A
39
-18%
31
-20%
22
-29%
(40)
N/A
(40)
-1%
(28)
+32%
(11)
+60%
(4)
+63%
0
N/A
4
N/A
(4)
N/A
(1)
+79%
2
N/A
(0)
N/A
5
N/A
4
-11%
(2)
N/A
3
N/A
(7)
N/A
(5)
+31%
2
N/A
(9)
N/A
(0)
+99%
3
N/A
1
-79%
0
-50%
(1)
N/A
(2)
-50%
14
N/A
(0)
N/A
6
N/A
(1)
N/A
(19)
-1 392%
7
N/A
(2)
N/A
12
N/A
9
-31%
3
-67%
1
-68%
(7)
N/A
8
N/A
(4)
N/A
(2)
+46%
8
N/A
(10)
N/A
4
N/A
3
-29%
2
-20%
3
+38%
10
+203%
2
-80%
3
+50%
16
+433%
15
-6%
0
N/A
244
N/A
(20)
N/A
(19)
+5%
14
N/A
(244)
N/A
24
N/A
5
-79%
Free Cash Flow
Free Cash Flow
(14)
N/A
(8)
+46%
(9)
-22%
(20)
-111%
(33)
-68%
(45)
-35%
(36)
+18%
(62)
-71%
(90)
-44%
(87)
+3%
(90)
-3%
(94)
-4%
(72)
+24%
(119)
-66%
(89)
+25%
(73)
+18%
(99)
-35%
(87)
+11%
(55)
+37%
(119)
-115%
(108)
+9%
(125)
-16%
(100)
+20%
(28)
+72%
17
N/A
96
+471%
23
-76%
45
+96%
34
-23%
48
+40%
56
+17%
0
-99%
(28)
N/A
(83)
-193%
(66)
+21%
(38)
+42%
9
N/A
68
+620%
48
-30%
77
+61%
76
-1%
46
-40%
39
-15%
62
+58%
77
+26%
91
+18%
94
+3%
53
-43%
31
-42%
100
+222%
135
+35%
260
+93%
315
+21%
279
-11%
293
+5%
294
+0%
227
-23%
165
-27%
249
+51%
255
+2%
363
+42%
435
+20%
207
-52%
102
-51%

See Also

Summary
SES intrinsic value, competitors valuation, and company profile.
DCF Valuation
SES stock valuation using Discount Cash Flow valuation method.
Relative Valuation
SES stock valuation using valuation multiples.
Wall Street Estimates
SES price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
SES stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
ALPHA SPREAD
Follow us
Join more than 302,400+ value investors using Alpha Spread
Create Free Account
or see our plans & pricing

Company

About Us Careers Pricing Affiliate Program Terms of Service Privacy Policy

Help

What is Intrinsic Value? Help Center Contact Us

Tools

Stock Screener Intrinsic Value Calculator DCF Value Calculator Discount Rate Calculator

Stocks

Most Undervalued Stocks Wide Economic Moat Stocks High Profitability Stocks High Solvency Stocks Most Popular Stocks

© 2025 Alpha Spread Limited. All Rights Reserved.

www.alphaspread.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on www.alphaspread.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. In no event shall Alpha Spread Limited be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on www.alphaspread.com, or relating to the use of, or inability to use, www.alphaspread.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance.